AGL 40.02 Increased By ▲ 0.02 (0.05%)
AIRLINK 127.25 Increased By ▲ 0.21 (0.17%)
BOP 6.61 Decreased By ▼ -0.06 (-0.9%)
CNERGY 4.48 Decreased By ▼ -0.03 (-0.67%)
DCL 8.70 Increased By ▲ 0.15 (1.75%)
DFML 41.75 Increased By ▲ 0.31 (0.75%)
DGKC 87.65 Increased By ▲ 0.80 (0.92%)
FCCL 32.59 Increased By ▲ 0.31 (0.96%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.54 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.74 Increased By ▲ 0.06 (0.41%)
KEL 5.06 Increased By ▲ 0.01 (0.2%)
KOSM 7.59 Increased By ▲ 0.13 (1.74%)
MLCF 41.30 Decreased By ▼ -0.08 (-0.19%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 193.70 Increased By ▲ 3.60 (1.89%)
PAEL 28.30 Increased By ▲ 0.47 (1.69%)
PIBTL 7.74 Decreased By ▼ -0.09 (-1.15%)
PPL 151.75 Increased By ▲ 1.69 (1.13%)
PRL 26.26 Decreased By ▼ -0.62 (-2.31%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 83.50 Decreased By ▼ -2.50 (-2.91%)
TELE 7.73 Increased By ▲ 0.02 (0.26%)
TOMCL 35.49 Increased By ▲ 0.08 (0.23%)
TPLP 8.11 Decreased By ▼ -0.01 (-0.12%)
TREET 16.15 Decreased By ▼ -0.26 (-1.58%)
TRG 53.55 Increased By ▲ 0.26 (0.49%)
UNITY 26.37 Increased By ▲ 0.21 (0.8%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,953 Increased By 69.4 (0.7%)
BR30 30,908 Increased By 307.7 (1.01%)
KSE100 93,812 Increased By 456.3 (0.49%)
KSE30 29,062 Increased By 130.9 (0.45%)
Markets

European shares climb in early trading on Brexit day

Brexit day, which comes three and a half years after the United Kingdom first voted to leave the bloc, is not expec
Published January 31, 2020
  • Brexit day, which comes three and a half years after the United Kingdom first voted to leave the bloc, is not expected to move markets.
  • Investors also took heart that the World Health Organization (WHO) stopped short of travel and trade restrictions with China.

Gains in airlines and mining stocks helped European shares rise in early trading on Friday, on a day the United Kingdom officially ends its 40-year membership of the EU.

The pan-European STOXX 600, which was up 0.3pc by 0811 GMT, was still looking at its second straight weekly decline on concerns about the coronavirus outbreak in China which has now taken more than 200 lives.

Investors also took heart that the World Health Organization (WHO) stopped short of travel and trade restrictions with China, even as it declared the virus outbreak a global emergency.

Travel and leisure as well as the mining subsector, which are among the worst hit European subindexes this week, outperformed.

Spain's Banco Sabadell tumbled 7.3pc after the lender swung to a loss in the fourth quarter from a profit a year earlier due to higher-than-expected bad loan provisions and losses at its British unit TSB.

Brexit day, which comes three and a half years after the United Kingdom first voted to leave the bloc, is not expected to move markets, analysts said.

Comments

Comments are closed.